Zurich completes sale of health insurance businesses in Germany to DKV

June 15 2004

Zurich Financial Services Group (Zurich) announced today that it has completed the sale of Zurich Krankenversicherung AG (Deutschland), as well as the 45% stake that Zurich’s subsidiary Deutscher Herold AG holds in GLOBALE Krankenversicherungs-AG (GLOBALE) to the Deutsche Krankenversicherung AG (DKV). This transaction was first announced on March 31, 2004. Both parties agreed to keep the price confidential.

The distribution agreement that is part of the transaction will allow Zurich Group Germany to take advantage of the size and competencies of DKV to offer their clients a broader range of health insurance products and services.

Zurich Financial Services is an insurance-based financial services provider with a global network that focuses its activities on its key markets in North America and Europe. Founded in 1872, Zurich is headquartered in Zurich, Switzerland. Zurich has offices in more than 50 countries and employs about 62,000 people.

For further information please contact:

Zurich Financial Services
Media and Public Relations
8022 Zurich
Switzerland

Tel: +41 (0) 1 625 21 00
Fax: +41 (0) 1 625 26 41

http://www.zurich.com

SWX Swiss Exchange/virt-x: ZURN